Apartment dwelling stock could grow 23 and 27 per cent respectively in Melbourne and Southbank from that recorded in the 2016 census, according to the ABS. Adelaide and Sydney CBDs could add 21 and 17 per cent more stock respectively.

The clearly signalled interest rate falls and relaxation of credit will eventually be a brake on the property price falls of the last 18 months in Sydney and Melbourne and then the engine of new growth.